Uncle Sam's Cash Crisis and Health Care

NewsBusters ^ | December 07, 2009 | Tom Blumer

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Blogger Doug Ross got to the news of the Congressional Budget Office's Monthly Budget Report (PDF) over the weekend, quite accurately observing that the establishment news coverage of its content barely existed.

The results of searches at the Associated Press's raw feed page on "Congressional Budget Office" (not in quotes) and "CBO" confirm Doug's observation, as no result returned relates to the CBO's report.

The virtual non-coverage of the report may be due to the dire, dour news contained therein, as noted by Reuters, which at least had a story:

U.S. already $292 bln in the red this year - CBO

The U.S. government racked up a gaping shortfall in the first two months of this fiscal year after posting a record budget deficit last year, congressional analysts said on Friday.......

[mo]

The "urgency" of "healthcare" clearly reflects the data. Tax collections are scheduled to commence January 2010 for benefits NOT to be paid until 2014.

The USA currently spends 18-20% of GDP on healthcare, Italy is 6%. clearly the objective of this administration is to shunt the difference into federal coffers directly...starting "tomorrow"